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BUSINESS

Corporate loans to rise anew

Business, Somruedi Banchongduang, Published on 22/01/2018

» Positive corporate loan growth, an indicator of private investment, propelled large and mid-sized banks' lending last year, and securities analyst Asia Plus Securities is bullish that the momentum will continue into 2018.

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BUSINESS

Tisco Bank pumps brake on loan gains

Business, Somruedi Banchongduang, Published on 17/01/2018

» With concerns over high household debt and an uptick in bad loans, Tisco Bank has set a conservative loan growth target of 5% this year, far below the 11.8% loan growth it recorded last year, partly driven by a 33-billion-baht retail loan transferred from Standard Chartered Bank (Thai) (SCBT).

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BUSINESS

SCB, KBank post weaker earnings

Business, Somruedi Banchongduang, Published on 20/01/2018

» Two of the big four commercial banks reported a sharp drop in unaudited consolidated net profit for 2017 and the three months to December, with larger bad-debt provisions taking a toll on balance sheets.

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BUSINESS

Central bank steps up fines for market conduct violators

Business, Somruedi Banchongduang, Published on 18/01/2018

» The Bank of Thailand is escalating the punishment for banks that violate the regulator's market conduct rules.

BUSINESS

BAY, TMB, CIMBT report net profit rise

Business, Somruedi Banchongduang, Published on 19/01/2018

» Bank of Ayudhya (BAY), TMB Bank (TMB) and CIMB Thai Bank (CIMBT) saw their unaudited consolidated net profit surge last year thanks to increases in their operating income.

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BUSINESS

SCB looking into launching e-market platform on app

Business, Somruedi Banchongduang, Published on 10/01/2018

» Siam Commercial Bank (SCB) is studying launching its own e-marketplace after the Bank of Thailand conducted a public hearing on the platform, says a senior official.

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BUSINESS

Large banks embrace debt fund-raising

Business, Somruedi Banchongduang, Published on 15/01/2018

» Large banks have raised local and foreign currency debentures to lock in cheap costs and increase liquidity in anticipation of higher loan demand, which they expect to be driven by Thailand's positive economic momentum.

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BUSINESS

Thai banks forecast at least 4% growth for 2018

Business, Somruedi Banchongduang, Published on 09/01/2018

» The research houses of two Thai banks have painted an upbeat picture for the country's economic growth in 2018, forecasting its pace will be at least 4%, underpinned by exports, domestic investment and tourism.